Satra Properties India approves redemption of CRPS

Satra Properties India Ltd has announced that the Board of Directors of the Company at its meeting held on February 03, 2011, inter alia, has approved the extension of the date of redemption of 74,00,000 8% Cumulative Redeemable Preference Shares for a further period of 3 years with an option to the Company to exercise put / call option for early redemption.

The stock closed the day at Rs.11.35, up by Rs.0.55 or 5.09%. The stock hit an intraday high of Rs.12 and low of Rs.11.

The total traded quantity was 0.78 lakhs compared to 2 week average of 0.53 lakhs.

Source : Equity Bulls

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